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View Full Version : Real Estate Auction on June 4


La Huerita
05-11-2009, 05:50 PM
Ever wondered what happened to the Villa Cortez condo project down by the Morua Estuary? Wonder no longer: Along with a lot of other projects (Suenos del Mar, for one-- isn't that Larry Large's deal?), land, etc., it is being auctioned off in a developer's liquidation auction on June 4.

See:
175 Acres of Puerto Penasco Land to be Auctioned Off on June 4, 2009 (http://rptides.blogspot.com/2009/05/175-acres-of-puerto-penasco-land-to-be.html)
( http://rptides.blogspot.com/2009/05/175-acres-of-puerto-penasco-land-to-be.html (http://rptides.blogspot.com/2009/05/175-acres-of-puerto-penasco-land-to-be.html))

This could be interesting. Wonder if it's a precursor to even more such events, and if it will have any effect on real estate prices in general in PP?
playaperro
06-05-2009, 08:59 AM
Hey H, Did they sell any of the land they had up for sale?
El Feo
06-06-2009, 04:18 PM
Just heard from " a reliable source", not only did they sell NO property, NO ONE showed up for the auction. All properties were offered by Majestic Investments (Larry Large) , except for Vista Cortez. No bidders, no bids, no sales. Not surprised myself, given all the vagarities of real estate in Mexico. .
La Huerita
06-06-2009, 10:10 PM
Wow, that would not be good, El Feo. I have a call in to the auction company but don't expect to hear back from them with any alacrity. I'll call again on Monday.
Roberto
06-07-2009, 10:35 AM
A second 'reliable source' reports that 2 properties were sold ?? I guess we'll know the facts soon.
La Huerita
06-08-2009, 11:29 AM
Well, a second phone call has been placed but no one has gotten back to me yet. HOWEVER, I noticed on their website that the land that was on the auction page has been moved to the "Available Properties" page, with a notation that the 5 parcels are "Still Available". That sure sounds like a no-sale to me...

See it yourself at http://www.redfieldgroup.com/available.php
Wood Spinner
06-09-2009, 09:53 AM
Hey all
We could all get together and buy a ocean front piece, build a small jetty , set up a launching place with a few slips or off shore tie up bouys and just camp on the beach.
mexicoruss
06-09-2009, 07:42 PM
I am very interested if they sold any property at all. It felt scummy to me from the get go but what do I know (nothing thats what)
La Huerita
06-10-2009, 03:48 PM
Don't mean to hijack this thread, Russ, but I was just visiting Naomi's site on Etsy.com and I was very impressed. She has a really good eye and does excellent work! Only thing is, she's selling it too cheaply, lol. Seriously, in the right place with good marketing-- well, there I go again talking about marketing. :rolleyes:

Does she sell in places other than Etsy? Like in a brick and mortar shop?
El Feo
06-11-2009, 02:39 PM
Another reliable source within the Majestic organization reports no sales.
mexicoruss
06-12-2009, 10:52 AM
La Huerita,
Right now she only sells of the web but she is always looking for opportunities. I tell she sells to cheap but its her shop so I stay out of it. Thanks for the kind words about my wife, if you met her you would immediately like her. Very artistic - way different from corporate where we both came from several years ago.